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Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Operating and Finance Lease Right-of-use Assets and Lease Liabilities
The following table shows the balances of operating and finance lease right-of-use assets and lease liabilities as of December 31, 2024 and 2023.
(in thousands)December 31, 2024December 31, 2023
Operating leases:
Operating lease right-of-use assets$19,025 $20,316 
Operating lease liabilities21,509 22,906 
Finance leases:
Finance lease right-of-use assets616 608 
Accumulated amortization(467)(319)
Finance lease right-of-use assets, net1
$149 $289 
Finance lease liabilities2
$154 $298 
1 Included in premises and equipment in the consolidated statements of condition.
2 Included in borrowings and other obligations in the consolidated statements of condition.
Schedule of Components of Operating and Finance Lease Cost
The following table shows supplemental disclosures of noncash investing and financing activities for the years ended December 31, 2024, 2023 and 2022.
(in thousands)202420232022
Right-of-use assets obtained in exchange for operating lease liabilities$3,034 $437 $6,116 
Right-of-use assets obtained in exchange for finance lease liabilities$8 $7 $151 

The following table shows components of operating and finance lease cost for the years ended December 31, 2024, 2023 and 2022.
(in thousands)202420232022
Operating lease cost1
$4,911 $5,493 $5,356 
Variable lease cost— — — 
Total operating lease cost$4,911 $5,493 $5,356 
Finance lease cost:
Amortization of right-of-use assets2
$148 $147 $127 
Interest on finance lease liabilities3
5 7 3 
Total finance lease cost$153 $154 $130 
Total lease cost$5,064 $5,647 $5,486 
1 Included in occupancy and equipment expense in the consolidated statements of comprehensive income (loss).
2 Included in depreciation and amortization in the consolidated statements of comprehensive income (loss).
3 Included in interest on borrowings and other obligations in the consolidated statements of comprehensive income (loss).
Schedule of Finance Lease Liability Maturities
The following table shows the future minimum lease payments, weighted average remaining lease terms, and weighted average discount rates under operating and finance lease arrangements as of December 31, 2024. The discount rates used to calculate the present value of lease liabilities were based on the collateralized FHLB borrowing rates that were commensurate with lease terms and minimum payments on the lease commencement date.
(in thousands)December 31, 2024
YearOperating LeasesFinance Leases
2025$4,728 $110 
20263,626 40 
20273,332 7 
20282,910 1 
2029
2,251 — 
Thereafter7,606 — 
Total minimum lease payments24,453 158 
Amounts representing interest (present value discount)(2,944)(4)
Present value of net minimum lease payments (lease liability)$21,509 $154 
Weighted average remaining term (in years)7.61.5
Weighted average discount rate2.85 %2.70 %